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According to monitoring by Catcher Predict, in the "Ethereum August Price Prediction" event on the prediction market Polymarket, the probability of the "Yes" option in the sub-market "Above $2,500" has experienced severe fluctuations, dropping from 49% an hour ago to the current 29% (a fluctuation of 20%). Please note the impact of relevant breaking news.

According to SoSoValue data, the total net inflow of Ethereum spot ETFs is $102 million. The Ethereum spot ETF with the highest net inflow in a single day is the Blackrock ETF ETHA, with a single-day net inflow of $83.7915 million, and the historical total net inflow of ETHA has reached $12.737 billion. The second is the Blackrock Staked ETH ETF ETHB, with a single-day net inflow of $42.6441 million, and the historical total net inflow of ETHB has reached $694 million.The Ethereum spot ETF with the highest net outflow in a single day is the Fidelity ETF FETH, with a single-day net outflow of $24.2573 million, and the historical total net inflow of FETH has reached $2.272 billion. As of the time of writing, the total net asset value of Ethereum spot ETFs is $15.233 billion, and the ETF net asset ratio (the market value compared to the total market value of Ethereum) is 5.2%, with a historical cumulative net inflow of $12.975 billion.

According to monitoring by Catcher Predict, in the "Ethereum August Price Prediction" event on the prediction market Polymarket, the "Yes" option for the sub-market "Below $2,400" has experienced severe fluctuations in winning probability, dropping from 41.5% an hour ago to the current 25% (a fluctuation of 16.5%). Please note the impact of related breaking news.

The US spot Ethereum ETF recorded a net inflow of $225.8 million on Thursday, marking the strongest single-day performance in 10 months and extending the streak of consecutive net inflows to 9 trading days. Data from Farside Investors shows that since August 17, a total of $1.42 billion has flowed in over 9 trading days, with BlackRock's ETHA fund contributing $1.02 billion, accounting for 72% of the total inflows in this category, and there has not been a single day of net selling during this period.Fidelity's FETH became the second largest inflow source with $56 million, while BlackRock's staked Ethereum product ETHB added $20.7 million on the same day. The gap between Ethereum ETFs and Bitcoin ETFs has narrowed to nearly even, with Bitcoin ETFs seeing inflows of $242.3 million on Thursday, just $16.5 million more than Ethereum. Ethereum was priced at approximately $2,477 on Friday, down 0.5% in 24 hours, with a weekly increase of about 5%.Max Shannon, Senior Research Assistant at Bitwise Europe, stated that the funds primarily came from outside the crypto space, with inflows of $713.6 million this week, possibly driven by an increase in risk appetite in traditional markets. He also pointed out that Ethereum's spot trading volume has fallen back to the 16th percentile year-on-year, and if the market is to maintain its upward momentum, spot trading volume needs to recover.

According to Hyperbot data, the anti-CZ whale's 20x leveraged Bitcoin long position and 15x leveraged Ethereum long position have already realized a profit of over $7.2 million, with an investment return rate of 491%. Currently, the whale holds a Bitcoin long position of 31.31624 BTC and an Ethereum long position of 8,092.4521 ETH.This whale is known for shorting immediately after purchasing ASTER from CZ.

Messari researcher Anastasiia stated that the new version of Ethena's fee switch is proposed to trigger based on the 14-day average supply of USDe, gradually increasing the revenue extraction ratio at thresholds of $7.5 billion, $10 billion, $15 billion, and $20 billion, and redirecting part of the revenue originally used for sUSDe staking, partners, and Aave leveraged operations towards ENA buybacks.Backtesting shows that during the activation of the switch, the annualized buyback scale is approximately $52.7 million, equivalent to 3.36% of ENA's market cap at the reported price; at the same time, about 9.3% of activation days will cause the yield of sUSDe to fall below that of sUSDS.The Ethena Foundation released four ecological adjustments, including the launch of a buyback ENA governance proposal and the cancellation of monthly VC unlocks.

The cryptocurrency protocol Ethena, which issued $4 billion in synthetic US dollars (USDe), announced plans to expand its basis trading strategy to stock perpetual contracts. According to Ethena's data, the open interest in stock perpetual contracts has grown tenfold to $6.2 billion since March. Over the past few months, the funding rates on Hyperliquid and Binance averaged approximately 14% and 17.5%, respectively, while the Bitcoin funding rate during the same period was only in the low single digits.Ethena pointed out that the average Bitcoin funding rate was 11% in 2024, 4.9% in 2025, and has dropped to 2.2% as of August 11 this year. In contrast, stock perpetual contracts had positive funding rates on 94% of trading days on Hyperliquid and 97% on Binance, with a median funding rate of 13.9%, while Bitcoin's was 3.9%. Co-founder Guy Young stated that stocks tend to rise in the long term, creating a continuous demand for leveraged longs to pay fees, and that the funding rate for stocks has almost no correlation with Bitcoin, providing USDe with a revenue source that relies less on the crypto market.The global stock market had a market capitalization of approximately $166.5 trillion in July, far exceeding the crypto market's approximately $2.2 trillion. This expansion is one of Ethena's initiatives to seek new revenue sources after the supply of USDe fell from a peak of about $15 billion to below $5 billion. Last week, it also announced a $1 billion financing arrangement with FalconX.

The security team of the open-source wallet provider OneKey successfully replicated the exploitation of a vulnerability in the old version of the Ledger Ethereum application in a laboratory environment. OneKey's founder and CEO Wang Yishi stated that they executed a "transaction replacement attack" on Ledger Ethereum application version 1.22.1 by exploiting a previously patched vulnerability, allowing attackers to overwrite pending transactions while users review legitimate transactions.Ledger responded that exploiting this vulnerability requires controlling the communication between the device and the host, such as through malware, compromised wallet software, or malicious web pages. Ledger has added application layer protections in the Ethereum application version 1.22.2 released on August 13 and fixed the underlying issue in Secure SDK 26.6.1 on August 21. Ledger emphasized that no users were hacked as a result; this was merely a replication of the vulnerability in a laboratory environment.This security test occurred after the Coldcard vulnerability incident. Previously, the Coldcard wallet had a firmware vulnerability that posed security risks to some mnemonic phrase generation, but Ledger stated that its devices were not affected by this vulnerability because recovery phrases are generated by a certified random source built into the device's secure chip. The vulnerability replicated by OneKey is unrelated to mnemonic phrase generation but affects the way transactions are processed during the signing process.

According to SoSoValue data, yesterday (Eastern Time August 27), the total net inflow of Ethereum spot ETFs was $235 million. The Ethereum spot ETF with the highest net inflow yesterday was Blackrock ETF ETHA, with a net inflow of $130 million. Currently, the historical total net inflow of ETHA has reached $12.653 billion.Following that is Fidelity ETF FETH, with a net inflow of $56.2337 million yesterday. Currently, the historical total net inflow of FETH has reached $2.296 billion. As of the time of writing, the total net asset value of Ethereum spot ETFs is $15.569 billion, and the ETF net asset ratio (the market value compared to the total market value of Ethereum) is 5.14%. The historical cumulative net inflow has reached $12.872 billion.

Ethereum developer nixo.eth revealed on the X platform that Ethereum core developers have decided to change the status of the account abstraction proposal EIP-8141 from "under consideration" to "scheduled," confirming that account abstraction will be promoted as a key feature of the Hegotá upgrade.This EIP was proposed in March as a flagship upgrade, and community consensus suggests that even though there are still controversies regarding the specific implementation, account abstraction should be launched in Hegotá. In recent weeks, another proposal, EIP-8130, has emerged as a competitor, planning to be deployed on Base in September, sparking discussions about avoiding a split in account abstraction standards between L1 and L2. The authors of both EIPs and core developers are working hard to reach a unified solution without delaying the upgrade. The status change means that this feature has officially entered the planning for the Hegotá upgrade, but the specific specifications may undergo significant changes, and it is common for implementation plans to change before the official launch.

Polymarket US has withdrawn two NFL player participation contract documents from the prediction market platform. The platform has completed certification with the Commodity Futures Trading Commission (CFTC) and plans to launch related products no earlier than August 27. Polymarket US certifies Bitcoin, Ethereum, and Solana price contracts, all three types of contracts are submitted in pairs and classified as swap contracts under the binary options subcategory.Both the NFL contracts and cryptocurrency contracts involve the relevant classifications. The NFL compliance analysis document has been submitted separately for confidentiality, with Polymarket US requesting permanent non-disclosure on the grounds that public disclosure would leak trade secrets and give competitors an unfair advantage. As of the record, another NFL American football eligibility contract remains in certified status.

The Ethena Foundation announced significant reforms to its tokenomics, with the ENA token rising 23% to $0.17 within 24 hours. The reforms include the cancellation of the monthly VC unlock schedule and a proposal to use protocol revenue to buy back ENA. ENA holders are voting to decide on the "fee switch," where 95% of the net income from Ethena's brand business will be used for programmatic purchases of ENA when the circulation of USDe reaches $7.5 billion, with the remaining 5% allocated for growth.Ethena Labs and the Foundation have also reached a principled agreement to assign most of the intellectual property and economic benefits of the Ethena protocol to the Foundation and ecosystem, rather than to Ethena Labs shareholders. This agreement is expected to be announced in October. The reforms come as the supply of USDe has decreased from a peak of nearly $15 billion in October to below $5 billion, with part of its revenue relying on derivative funding rates, which have diminished as the crypto market cools.In search of new sources of growth, Ethena announced last week a $1 billion facility with FalconX to bring USDe collateral into over-collateralized institutional loans. Additionally, Janus Henderson invested in ENA in June and is exploring USDe distribution, while Coinbase has also launched a savings product in collaboration with Ethena.

According to official news, the Ethena Foundation announced four adjustments to the Ethena ecosystem, including repurchasing locked tokens held by early investors, further aligning the value of tokens with equity, launching a governance proposal for income to repurchase ENA, and canceling future monthly unlocks for VC investors.The Ethena Foundation stated that it has completed the acquisition of all locked ENA tokens from some major seed round investors who had sold ENA in the past 9 months. Regarding the alignment of token and equity value, the Ethena Foundation and Ethena Labs have reached a "Master Framework Agreement," which stipulates that the intellectual property and value generated by the agreement will exclusively belong to the foundation and be governed by ENA holders, while equity investors in Labs entities will no longer enjoy residual cash flow.In addition, the governance proposal for income to repurchase ENA has been launched. According to the proposal, the net income generated by all business lines under the Ethena brand will be used for programmatic repurchase of ENA, and the proposal has been approved by the Risk Committee. The Ethena Foundation also stated that it has reached an agreement with major investors to eliminate the selling pressure caused by future monthly unlocks for VC investors by releasing unallocated tokens. Team tokens will still remain locked according to the original allocation plan.

According to Decrypt, Robinhood Chain achieved its strongest single-day performance since mid-July, with DEX trading volume of approximately $443 million, over 3 million transactions, and the number of active wallets returning to over 115,000, representing a threefold increase from the low of about $14 million in early August. The on-chain leading Meme coin CASHCAT reached a market capitalization of $250 million, setting a new historical high, while PONS rose 30% in a single day to $94.9 million, and Artificial Inu increased by 80% to $58 million.The total value of on-chain RWA reached $41.9 million, covering 202 tokenized assets, with a net inflow of approximately $85 million on Monday, setting a record for the largest single-day inflow since its launch. Robinhood CEO Vlad Tenev stated in a podcast that developers built products that the company had not planned, such as receiving stock token airdrops by holding Meme coins, which innovatively connected Meme coins, core crypto assets, and stock tokens.

According to SoSoValue data, on August 26, Eastern Time, the total net inflow of Ethereum spot ETFs was $192 million. The Ethereum spot ETF with the highest net inflow in a single day was the Blackrock ETF ETHA, with a net inflow of $116 million in a single day, and the historical total net inflow of ETHA has reached $12.523 billion.Following that is the Grayscale Ethereum Trust ETF ETH, with a net inflow of $34.6655 million in a single day, and the historical total net inflow of ETH has reached $1.897 billion. As of the time of publication, the total net asset value of Ethereum spot ETFs was $15.127 billion, with an ETF net asset ratio (market value compared to the total market value of Ethereum) of 5.07%, and the historical cumulative net inflow has reached $12.638 billion.

According to CoinDesk, Ethereum researchers have proposed rebuilding the validator deposit contract to support a new cryptographic system and ultimately stop accepting deposits protected by the existing BLS signatures. This proposal targets the deposit contract, aiming to add a switch that prevents the network from accepting the currently relied-upon signature format.Currently, the contract only accepts BLS keys because their exact size is hardcoded, while the new draft allows for different key sizes, with each deposit tagged by the cryptographic system used, where BLS receives a tag of zero, reserving space for future schemes.If the proposal is approved, it will initially operate with BLS deposits, while other schemes can be registered simultaneously. Future decisions may permanently disable new BLS deposits, at which point validators who have staked using BLS keys will not disappear, but new validators will not be able to join using this method. Ethereum will ultimately need to change separately to inform validators how to check new signatures. This is part of the migration for validators, while another part is already in progress—EIP-8141 framework transaction proposals will allow regular Ethereum accounts to change the cryptographic method for approving transactions without changing their address.The urgency stems from research released in March by Google's Quantum AI research department, which outlined five quantum attack paths against Ethereum, putting over $100 billion in assets at potential risk. The Ethereum Foundation is advancing core protocol changes with a target around 2029. Currently, the amount of ETH staked in Ethereum is approximately 42.4 million, valued at about $10.4 billion.

ARK Invest's Director of Digital Asset Research, Lorenzo, stated that the latest improvement proposals from Solana and Ethereum are surprising. The market has indicated that Hyperliquid and others are posing strong competition, but the relevant communities are still taking time to adjust inflation arrangements and CU restrictions, which may further decrease the competitiveness of applications. He believes that L1 should prioritize how proposals can enhance network competitiveness, promote growth, and attract more consumer-grade applications and users.Lorenzo pointed out that for Solana, this is certainly not the time to be entangled in the value accumulation of token holders versus cash flow, or to increase the costs for application developers. It is essential to first prove that the pie can be expanded 100 times before discussing how to allocate it. Although in the future, it will be necessary to price high resource-consuming transactions more finely and address token value accumulation, if market share is seized by HYPE, there will be no value to accumulate. The current priority should be to expand the pie 100 times.

According to SoSoValue data, the total net inflow for Ethereum spot ETFs is $180 million. The Ethereum spot ETF with the highest single-day net inflow is the Blackrock ETF ETHA, with a single-day net inflow of $146 million. Currently, the historical total net inflow for ETHA has reached $12.407 billion.Following that is the Fidelity ETF FETH, with a single-day net inflow of $25.7523 million. Currently, the historical total net inflow for FETH has reached $2.208 billion. As of the time of publication, the total net asset value of Ethereum spot ETFs is $14.881 billion, and the ETF net asset ratio (the market value as a percentage of Ethereum's total market value) is 5.06%. The historical cumulative net inflow has reached $12.446 billion.

The Ethereum Foundation issued a reminder that the Glamsterdam upgrade will include adjustments to Gas fees (EIP-8037 and EIP-8038), involving changes to the costs of state creation and access. Most contracts will not be affected, but some contracts that rely on hard-coded Gas values and other old assumptions may need to be updated; otherwise, they may fail or experience performance degradation.